Greece
Europe's banks bleed from Greek debt crisis
LONDON/PARIS - Greece's debt problems drove a slew of heavy losses across the European banking sector on Thursday, and bosses warned the euro zone crisis would continue to threaten earnings.
Credit Agricole posts record 3 billion euro quarterly loss
PARIS - French bank Credit Agricole posted a record 3.07 billion euro (2.58 billion pound) quarterly net loss on Thursday, performing worse than expected due to the cost of shrinking its balance sheet and losses on Greek debt.
RBS says pay row "damaging" as losses mount
LONDON - State-owned Royal Bank of Scotland paid out nearly a billion pounds in bonuses to staff for last year despite posting a fourth-quarter loss of nearly 2 billion pounds after big losses in Greece and Ireland and costly restructuring.
Greece readies debt swap under bailout deal
ATHENS - Greece's parliament will endorse a debt swap with private bondholders on Thursday to help reduce the country's debt and secure an international bailout, despite new protests against the tough terms of the deal. | Video
IMF turns sights to its Greek bailout contribution
WASHINGTON - Now that Greece has secured a European bailout deal, the International Monetary Fund is trying to identify its financial contribution to the 130 billion euro ($172.13 billion) rescue package, IMF officials said on Wednesday.
G20 hopes for progress on EU debt crisis - Carstens
MEXICO CITY - Group of 20 policymakers are hoping for a signal this weekend that Europe will boost crisis funding, smoothing the way for a deal to increase International Monetary Fund resources, the head of Mexico's central bank said on Wednesday.
Greece pores over bailout laws amid protests
ATHENS - Trade unionists, communists and pensioners angry at punishing spending cuts in Greece marched through central Athens on Wednesday as lawmakers set to work on legislation needed to secure payment of a second bailout for the debt-laden country. | Video
Analysis - Huge private debts pose bigger hurdle for euro zone
LONDON - Away from the markets' fixation with the debts of Greece and other governments, concern is growing at the painfully slow progress Europe is making in tackling a much bigger mountain of corporate and household debt.
Fitch downgrades Greece on debt swap plan
ATHENS - Fitch cut Greece's long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden.
Euro zone teetering on brink of recession
LONDON - The euro zone economy is in danger of tipping into recession, with the services sector shrinking this month along with manufacturing, tempering a wave of optimism after a new bailout deal for Greece struck this week. | Video
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